Exclusives

Noble Energy, David Stover, Gulf of Mexico, shale, unconventional, Leviathan, production, sell, volumes, second quarter

Enhanced completions onshore and subsea tiebacks offshore are contributing to production gains, but low commodity prices are taking away profit potential.

Cobalt International, Angola, sale, Sonangol, gas, Block 20, Block 21, oil, Gulf of Mexico, Timothy Cutt

The company is focusing on selling Angola assets, addressing liquidity and moving discovered resources into production by 2021.

Hopes are momentum generated will keep the country on companies’ radars despite today’s market conditions.

Tullow Oil, TEN, oil, Ghana, Africa

West Africa’s list of stalled projects means Tullow Oil’s TEN development is a rare bright spot.

Egypt, oil, OTC, Tarek El-Molla, natural gas, Apache, John Christmann

Hopes are momentum generated will keep the country on companies’ radars despite today’s market conditions.

Deepwater International

Anadarko Petroleum has decided to terminate its charter of the Dolphin Drilling drillship Belford Dolphin in September this year, with the unit currently working for the operator off east Africa’s Mozambique.

The battle to win the contract to design and build a world-class FLNG unit to be used by Eni and its partners on a mega-gas project offshore Mozambique is coming to the boil.

Various subsea equipment will be delivered throughout 2015 and 2016.

UK independent Sterling Energy has had the exploration period for two frontier blocks northwest of Madagascar extended.

The contract is for a firm charter period of 15 years with five yearly extension options exercisable by the client. 

Exploration

Egypt’s government has approved five oil and gas drilling and exploration agreements with foreign companies ahead of parliament’s final approval, Petroleum Minister Tarek El Molla said Aug. 10.

In 2013 Eni sold 20% of its Area 4 license to China's CNPC for $4.2 billion, but since then, oil and gas prices dropped by more than half, Reuters reported.

A stabilized gas flow rate of 17 MMscf/d was reached on Aug. 7, the company said, noting the results “represents a highly commercial rate.”

Sonangol said Block 20/11 held an estimated 313 MMbbl  of condensate and 2.8 trillion cubic feet of gas, Reuters reported.

'The initial data set is of good quality and clearly indicates the presence of the prolific Abu Madi trend within the block,' SDX Energy said in a news release.

Production

Nobody has claimed responsibility for a blast at the Trans Ramos Pipeline near Odimodi, operated by Shell's joint venture SPDC, which locals said happened in the early hours of July 31.

Mozambique made one of the world's biggest gas finds in a decade in 2010 but negotiations with operators Eni and Anadarko Petroluem have dragged on for years due to disputes over terms and concerns about falling energy prices.

The Ourhoud Field is operated by Sonatrach and its associates Anadarko Petroleum Corp. (NYSE: APC), Indonesia's Pertamina, and Cepsa, Reuters said.

The production enables Marathon Oil to convert about 130 million barrels of oil equivalent of proved undeveloped reserves, which more than doubles the company’s remaining proved developed reserve base in Equatorial Guinea, the company said in a news release.

"Today we have around 60 blocks. We've awarded about 20," Ibrahima Diaby, Petroci's managing director, said on the sidelines of an energy conference in Ivory Coast's capital, Yamoussoukro.

Subsea Engineering

An issue with the turret bearing of the FPSO Kwame Nkrumah that is operating on the Tullow Oil-operated Jubilee oil field development offshore Ghana “has resulted in the need to implement new operating and offtake procedures.”

OneSubsea has been awarded a $170 million engineering, procurement and construction contract from Petrobel for the first stage of the Zohr gas field, located in the Shorouk Concession, offshore Egypt. 

BP and the Egyptian Natural Gas Holding Co. (EGAS) have sanctioned the development of the Atoll Phase One project.

Kosmos Energy said its Ahmeyim-2 appraisal well has successfully delineated the Ahmeyim and Guembeul gas discoveries offshore Mauritania and Senegal, paving the way for an LNG project in the region.

Eni can move to the next stage of its development of the Coral discovery in Area 4 offshore Mozambique after the plan of development was approved by the country’s government.

Technology

Chevron confirmed a protest had taken place, but did not say whether oil production had been affected, Reuters reported.

The oil industry in Zambia has been expanding with the building of a US$1.6 billion oil refinery starting this year. 

Under Italian law, companies are responsible for the actions of their managers and can be fined if found guilty, Reuters reported.

Protests, conflict and political quarrels have reduced Libya's oil production sharply since an uprising in the OPEC member five years ago. Output has been fluctuating at less than a quarter of a 2011 high of 1.6 MMbbl/d.

Muyiwa Adejobi, a spokesman for Ogun state's police, said the attack took place on the night of June 12 in the town of Ogijo, Nigeria, Reuters reported.